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Goldman Sachs Statement on Proposed Capital Actions: to Resubmit Plan by End of Q3

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The Goldman Sachs Group, Inc. (NYSE: GS) today announced that the Federal Reserve did not object to Goldman Sachs' proposed capital actions, but, as required by the Federal Reserve, the company will resubmit its capital plan by the end of the third quarter, incorporating certain enhancements to its stress test processes.

“We are pleased to continue to have the flexibility to return capital to shareholders,” said Chairman and Chief Executive Officer, Lloyd Blankfein.

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